Polymarket Chief Legal Officer: Lawsuit Filed Against Massachusetts in Federal Court

February 10th, Polymarket CLO Neal Kumar posted on X platform, stating that a lawsuit has been filed in federal court against the state of Massachusetts. The U.S. Congress has granted CFTC exclusive jurisdiction over event contracts rather than individual states. Since these belong to a national market, key issues must be resolved in federal court. Attempts by states such as Massachusetts and Nevada to shut down Polymarket US and other prediction markets through state courts cannot change federal law and would miss the opportunity to develop future markets. While addressing these important issues in federal court, Neal Kumar expressed continued willingness to engage with other states and advocate for user rights.